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Wasps going into admin & the impact on CCFC (6 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 1, 2022
  • #8,051
Evo1883 said:
Oh well boys , say your prayers because for me NEC owning this stadium is not any good for ccfc and its future
Click to expand...
To be fair… the guy who is president of Blackstone is apprently worth 29 billion
 
S

steve cooper

Well-Known Member
  • Nov 1, 2022
  • #8,052
I'm still of the opinion it will be Ashley.
According to Sky, NEC put in a bid for the arena nearly a month ago. I wouldn't be surprised, assuming it's true, if Ashley knows how much NEC are prepared to pay for it.
And if it isn't true, it would just be an example how easily inaccurate information can spread, even from a national news broadcaster.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,053
Nick said:
So you are saying somebody can buy ACL and then just not worry about the bondholders / HMRC and everybody else owed money?

What benefit does that have over letting it go into admin and making a bid?
Click to expand...

Less competition?
 

Gynnsthetonic

Well-Known Member
  • Nov 1, 2022
  • #8,054
Could Ashley and NEC not go into this as co owners or some kind of partnership, NEC running the arena side of things whilst Ashley the football side just a thought
 
Reactions: SkyBlueSam01

Nick

Administrator
  • Nov 1, 2022
  • #8,055
Liquid Gold said:
Maybe they leverage the buyout on ACL and then become a creditor with more ability to control the bidding.

I don't know I'm just trying to work it out.
Click to expand...

Yeah it's probably just one for the people who know more but there must be a huge benefit to taking on all of the debt as opposed to letting it go into admin and then making a bid on the good bits?

Reeves and the Council are going to want to keep it out of admin as well aren't they?
 

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #8,056
Gynnsthetonic said:
Could Ashley and NEC not go into this as co owners or some kind of partnership, NEC running the arena side of things whilst Ashley the football side just a thought
Click to expand...
Doubt they'd be competing if that was the case though.
 
Reactions: Brighton Sky Blue

Nick

Administrator
  • Nov 1, 2022
  • #8,057
Brighton Sky Blue said:
Less competition?
Click to expand...

Yeah but a hell of a lot more money spent? So they must really really want it?
 

Greggs

Well-Known Member
  • Nov 1, 2022
  • #8,058
Evo1883 said:
Oh well boys , say your prayers because for me NEC owning this stadium is not any good for ccfc and its future
Click to expand...
You're usually pretty level headed, i've seen a different side to you these last couple of days!
 

Liquid Gold

Well-Known Member
  • Nov 1, 2022
  • #8,059
Nick said:
Yeah it's probably just one for the people who know more but there must be a huge benefit to taking on all of the debt as opposed to letting it go into admin and then making a bid on the good bits?

Reeves and the Council are going to want to keep it out of admin as well aren't they?
Click to expand...
I don't think the council get properly involved unless it's liquidation.

They will have to approve transfer of the lease but I doubt they'll object to any of the mentioned bids.
 
Reactions: shmmeee and CCFCSteve

Evo1883

Well-Known Member
  • Nov 1, 2022
  • #8,060
Greggs said:
You're usually pretty level headed, i've seen a different side to you these last couple of days!
Click to expand...


 
Reactions: Philosoraptor, Otis, Skyblueweeman and 1 other person
O

oldfiver

Well-Known Member
  • Nov 1, 2022
  • #8,061
Brighton Sky Blue said:
More feasible for them to ask Cov Rugby to rent there instead
Click to expand...

Should be an interesting conversation- while it lasted!
 
Reactions: Kneeza
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,062
Nick said:
Yeah but a hell of a lot more money spent?
Click to expand...

If you've got very deep pockets as Ashley does that won't necessarily matter.
 

Skyblue_CP

Well-Known Member
  • Nov 1, 2022
  • #8,063
Great. NEC ownership and SISU gaslighting us about a new stadium for the next 15 years whilst we teeter between the Championship and L1/2 playing at ST Andrews every other season. Oh goodie.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,064
oldfiver said:
Should be an interesting conversation- while it lasted!
Click to expand...

Just make sure you spank them next season
 

Saddlebrains

Well-Known Member
  • Nov 1, 2022
  • #8,065
There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years
 
Reactions: chiefdave, bulko and JPG77
W

wingy

Well-Known Member
  • Nov 1, 2022
  • #8,066
alexccfc99 said:
NEC we’d be in the same boat, I can’t see them kicking us out because why would they? They aren’t going to use a stadium bowl for concerts other than for 3 months a year really - But they may be happy to have wasps in their new form back

Why would Ashley bid for a stadium with no intention of taking the club on unless he wants to just turn the place into one of his massive Sports Direct sweatshops

It would appear SISU have again gambled on taking ACL out of admin and their strategy has backfired again

what a clusterfuck of a situation
Click to expand...
It is a curve ball that administration hasn't happened

Under the suggested scenario of him skipping away with funds you'd expect some investigation/litigation from bondholders.
 

Nick

Administrator
  • Nov 1, 2022
  • #8,067
Brighton Sky Blue said:
If you've got very deep pockets as Ashley does that won't necessarily matter.
Click to expand...

Yeah but you don't get rich by paying way over the odds if you don't have to
 
Reactions: wingy and Greggs

Greggs

Well-Known Member
  • Nov 1, 2022
  • #8,068
Brighton Sky Blue said:
If you've got very deep pockets as Ashley does that won't necessarily matter.
Click to expand...
rich people don't usually stay rich by wasting money, leave that to us working class lot.
 

Evo1883

Well-Known Member
  • Nov 1, 2022
  • #8,069
Question

Could Mike ashley take on the debt and spread it over several of his companies ?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,070
Saddlebrains said:
There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years
Click to expand...

I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.
 

Greggs

Well-Known Member
  • Nov 1, 2022
  • #8,071
Saddlebrains said:
There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years
Click to expand...
Beginning to look a bit 'Billy Gilmour' mate......
 
Reactions: GaryMabbuttsLeftKnee, TwistAndShoutCCFC1987, TomRad85 and 2 others

Gynnsthetonic

Well-Known Member
  • Nov 1, 2022
  • #8,072
Saddlebrains said:
There is of course one scenario in which we can be fucked with Ashley aswell

The bid ISNT for the club aswell, its just the stadium

Of course then he holds the cards for getting the club which of course he would want.

But we know just how much our owners don't play ball

So i think another horrendous ending to this for us would be Ashley owning the stadium, SISU owning us.

2 people well known for distressing others and playing the long game.

We would be the in same boat as we have been for the last 15 years
Click to expand...
Just cannot see Ashley not wanting the club if he has the stadium, he may well have purchased it on on proviso of getting the ground
 

Saddlebrains

Well-Known Member
  • Nov 1, 2022
  • #8,073
Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently
 
Reactions: wingy
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,074
Greggs said:
rich people don't usually stay rich by wasting money, leave that to us working class lot.
Click to expand...

Or he finds a way to manipulate the debt to his own advantage
 
S

steve cooper

Well-Known Member
  • Nov 1, 2022
  • #8,075
Evo1883 said:
Click to expand...
I'd just be happy licking what she's spilling
 
Reactions: letsallsingtogether, wingy and Evo1883

Saddlebrains

Well-Known Member
  • Nov 1, 2022
  • #8,076
Greggs said:
Beginning to look a bit 'Billy Gilmour' mate......
Click to expand...


I know yea remember that time i said about the Ricoh return before it happened ? Forgotten easily that one isnt it........
 
Reactions: JPG77

Nick

Administrator
  • Nov 1, 2022
  • #8,077
Brighton Sky Blue said:
I don't see why he wouldn't want to take on the club as well, it's another chance to make more money. Buy the club for whatever SISU ask for, get it into the top flight then name your price for the combination of a PL club and stadium complex.
Click to expand...

The only rumoured talks he has had to buy a club is with Wasps isn't it?
 

Greggs

Well-Known Member
  • Nov 1, 2022
  • #8,078
Saddlebrains said:
I know yea remember that time i said about the Ricoh return before it happened ? Forgotten easily that one isnt it........
Click to expand...
Very, very defensive there buddy.......
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 1, 2022
  • #8,079
Nick said:
The only rumoured talks he has had to buy a club is with Wasps isn't it?
Click to expand...
Nah it was mentioned he talked to the council with a view of buying us too
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,080
Nick said:
The only rumoured talks he has had to buy a club is with Wasps isn't it?
Click to expand...

Which of the two clubs would you go for if you were in his position?
 
R

rexo87

Well-Known Member
  • Nov 1, 2022
  • #8,081
Saddlebrains said:
Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently
Click to expand...

I don’t understand how it hasn’t happened. It was due to be yesterday and still no NOI. So legally surely it has to be in admin?


Sent from my iPad using Tapatalk
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 1, 2022
  • #8,082
Saddlebrains said:
Biggest curveball is admin hasn't happened.

No one saw that coming, even the council apparently
Click to expand...
To be fair I don’t see how it makes financial sense

you’re better off liquidating the stadium than buying it now
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 1, 2022
  • #8,083
rexo87 said:
I don’t understand how it hasn’t happened. It was due to be yesterday and still no NOI. So legally surely it has to be in admin?


Sent from my iPad using Tapatalk
Click to expand...

Not if a deal is imminent and CCFC have put in enough funds to keep it going
 

Nick

Administrator
  • Nov 1, 2022
  • #8,084
HuckerbyDublinWhelan said:
Nah it was mentioned he talked to the council with a view of buying us too
Click to expand...

So why is he talking to the council about it?
 

Grendel

Well-Known Member
  • Nov 1, 2022
  • #8,085
Nick said:
The only rumoured talks he has had to buy a club is with Wasps isn't it?
Click to expand...

No he's been given a lot of the information on the stadium and the issue will be if he can make a pre admin offer to suit all parties.
 
Reactions: Evo1883
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